Used 2016 Ford Mustang for Sale nearChicago, IL

Compare 2016 Ford Mustang Trims in Chicago, IL

The 2016 Ford Mustang offers a range of trims from budget-friendly options to powerful V8 models, catering to various driving preferences and budgets.

• Starting at $11,995
• Best MPG/MPGe: 22 city / 31 hwy
• Most Popular: GT Premium Coupe RWD

Trim Overview

Prices updated weekly from CarGurus listings.

Quick Compare Table

Listing prices sourced from CarGurus — updated weekly. OEM specs from manufacturer data.

Missing data displayed as "—".

Trim Deep Dives

V6 Coupe RWD — "Who It's For"

The V6 Coupe is the pick for shoppers who want a sporty Mustang experience without the higher costs of the V8 models.

• Avg. market price: $14,119 (updated weekly)
• MPG/MPGe: 17 city / 28 hwy
• Inventory: 11 listings — lower availability; may limit negotiating room
• View V6 Coupe RWD listings

EcoBoost Coupe RWD — "Who It's For"

The EcoBoost Coupe is ideal for those seeking a blend of performance and fuel efficiency without sacrificing style.

• Avg. market price: $17,313 (updated weekly)
• MPG/MPGe: 22 city / 31 hwy
• Inventory: 16 listings — lower availability; may limit negotiating room
• View EcoBoost Coupe RWD listings

EcoBoost Premium Coupe RWD — "Who It's For"

The EcoBoost Premium is perfect for buyers wanting luxury features at an accessible price point without going over budget.

• Avg. market price: $11,995 (updated weekly)
• MPG/MPGe: 22 city / 31 hwy
• Inventory: 9 listings — lower availability; may limit negotiating room
• View EcoBoost Premium Coupe RWD listings

V6 Convertible RWD — "Who It's For"

The V6 Convertible is for those who desire the Mustang experience with the added thrill of open-air driving at a reasonable price.

• Avg. market price: $16,195 (updated weekly)
• MPG/MPGe: 17 city / 28 hwy
• Inventory: 10 listings — lower availability; may limit negotiating room
• View V6 Convertible RWD listings

GT Coupe RWD — "Who It's For"

The GT Coupe is the choice for performance enthusiasts who want a powerful V8 engine without the highest price tag.

• Avg. market price: $23,813 (updated weekly)
• MPG/MPGe: 15 city / 25 hwy
• Inventory: 42 listings
• View GT Coupe RWD listings

EcoBoost Premium Convertible RWD — "Who It's For"

The EcoBoost Premium Convertible is for buyers wanting a stylish drop-top with modern tech features at a competitive price.

• Avg. market price: $15,330 (updated weekly)
• MPG/MPGe: 22 city / 31 hwy
• Inventory: 33 listings
• View EcoBoost Premium Convertible RWD listings

GT Premium Coupe RWD — "Who It's For"

The GT Premium Coupe is for those who want the best combination of luxury and performance in the Mustang lineup.

• Avg. market price: $26,230 (updated weekly)
• MPG/MPGe: 15 city / 25 hwy
• Inventory: 51 listings
• View GT Premium Coupe RWD listings

GT Premium Convertible RWD — "Who It's For"

The GT Premium Convertible is for shoppers seeking a fully loaded luxury sports car experience with top-down enjoyment.

• Avg. market price: $18,766 (updated weekly)
• MPG/MPGe: 15 city / 25 hwy
• Inventory: 37 listings
• View GT Premium Convertible RWD listings

Trim Recommendations

Most Popular — GT Premium Coupe RWD

With 51 active listings, the GT Premium Coupe RWD is the clear volume leader in the lineup.

Browse GT Premium Coupe RWD listings

Best Budget Option — EcoBoost Premium Coupe RWD

At $11,995 avg market price — below the lineup median of $16,754 — it's the most accessible entry point.

Browse EcoBoost Premium Coupe RWD listings

Best for Fuel Economy — EcoBoost Coupe RWD

With 22/31 MPG, the EcoBoost Coupe RWD offers the best fuel efficiency in the lineup.

Browse EcoBoost Coupe RWD listings

These recommendations are based on CarGurus' proprietary market data from November 12, 2026, CarGurus experts' opinions, and generative AI.

How much does the 2016 Ford Mustang cost?

Prices have softened 5.43% compared to this time last year, making it a favorable time to shop this model year.

There are 1,750 listings available, which gives you a solid pool of options to compare.

Is the 2016 Ford Mustang a good car?

Yes — the 2016 Ford Mustang earns a 4.8/5 user rating and a 7.5/10 expert rating. The standout strength is Safety at 9/10. Owners consistently praise its fun, smooth ride, performance, handling, and stylish design, and many also like the value it offers versus similar cars. For you, that means this Mustang fits well if you want a sporty coupe or convertible that still feels usable day to day, though some shoppers may want to weigh the missing Apple CarPlay and mixed fuel-economy feedback. Good and great deals account for 31.4% of listings, which suggests there are still worthwhile opportunities in the market.

Is the 2016 Ford Mustang reliable?

Owners rate it 4.8/5, a strong signal of long-term satisfaction. The owner feedback also points to a car that feels fun, smooth, and satisfying to live with, while the expert drive notes that the Mustang remains capable and confidence-inspiring rather than fragile or finicky. Ford’s performance and tech updates help the car feel more modern, and the available maintenance perk language suggests ownership can be straightforward early on. For used buyers, the main long-term risk is that condition and prior use matter a lot, so a careful inspection is important before you commit.

What should I look for when buying a used 2016 Ford Mustang?

At 54.9% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report and then prioritize a pre-purchase inspection, especially if the car has been modified or driven hard. Focus on body condition, signs of repair, and whether the car’s equipment and trim-level features still work as expected. Because this model can be bought in several configurations, it’s worth checking that the specific car matches the features you want.

Key things to evaluate:

• Trim level: The base trim includes 17-inch alloys, automatic xenon headlights, LED taillights, keyless entry and ignition, a tilt and telescoping steering wheel, and MyKey, while higher trims add features like power front seats, ambient lighting, leather upholstery, heated and ventilated seats, and upgraded audio.
• Powertrain: You can choose from a V6, a turbocharged 4-cylinder, or a V8, with the turbo four offering stronger efficiency and the V8 delivering the most power.
• Safety package: Premium models can add adaptive cruise control, blind-spot monitoring with cross-traffic alert, and forward-collision warning, while all Mustangs can add front and rear parking sensors.
• Infotainment: Sync 3 is the key tech update, and the upgraded system uses an 8-inch touchscreen; some versions also add a 9-speaker setup.
• Fuel efficiency: The V6 returns 17 mpg city and 28 highway with the manual, while the turbo 4-cylinder is rated as high as 22 city and 32 highway depending on transmission. The V8 trades efficiency for power.

Which 2016 Ford Mustang trim should I buy?

The 2016 Ford Mustang is offered in 5 trim levels: V6, EcoBoost, EcoBoost Premium, GT, GT Premium.

Here's the short version:

• V6: This is the value play if you want the Mustang experience at the lowest entry point, and it still comes with a strong standard feature set for the money.
• EcoBoost: This is the best-value trim if you want the turbocharged engine and a more modern-feeling performance balance without moving too far up the price ladder.
• EcoBoost Premium: Choose this if you want the most complete mix of comfort and tech, including Sync 3, heated and ventilated seats, and the upgraded infotainment setup.
• GT: Pick this if V8 power is your priority and you want the classic Mustang performance character above all else.
• GT Premium: This is the right choice if you want V8 performance plus the premium comfort and convenience features that make the car feel more fully equipped.

Premium Mustangs can add adaptive cruise control, blind-spot monitoring with cross-traffic alert, and forward-collision warning.

Is now a good time to buy a used 2016 Ford Mustang?

This is a moderate market for selective buyers, with enough inventory and deal activity to make comparison shopping worthwhile.

• Deal availability: 31.4% of listings are priced as good or great deals.
• Inventory: There are 1,750 listings available.
• Price trend: Prices have softened 5.43% compared with last year.
• Clean inventory: 54.9% of listings are accident-free.

If you find a listing below $18,370, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Ford Mustang's resale value?

The current average of $18,507 sits slightly below last year's $19,571.

That decline suggests the market has softened, which can be good news if you're buying now but less favorable if you're planning to sell soon. If you own one, pricing it competitively will matter, especially because the model has a broad supply of listings and buyers can compare many examples. The good news is that strong owner satisfaction can help support demand over time, especially for well-kept cars with desirable equipment.

Vehicles with strong owner satisfaction ratings, like this model year's 4.8/5, tend to retain buyer demand, which supports resale value over time.

Is the 2016 Ford Mustang safe?

The 2016 Ford Mustang earns a five-star rating from NHTSA and a Good rating from IIHS.

It earns a 9/10 safety score from our experts.

Standard antilock brakes, traction and stability control, and a full suite of airbags help support that result. Premium models can add adaptive cruise control, blind-spot monitoring with cross-traffic alert, and forward-collision warning, while all Mustangs can add front and rear parking sensors. If safety is a top priority, you should look closely at whether the car has those extra driver-assistance features.

Should I buy a 2016 Ford Mustang or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 31.4% of listings are priced as good or great deals.
• At 54.9% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 5.43% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.
• It adds Sync 3, hood-mounted turn signals, and new appearance packages that help it feel fresher than a simple carryover.

Consider the 2015 if:

• At $19,615, the 2015 costs more than the current year's $18,507 average.
• It was a redesigned anniversary-year Mustang with a big step forward in dynamics and technology.

The bottom line: If you want the better buy today, the 2016 is the stronger pick because it combines a lower average price with solid owner satisfaction and a healthy supply of listings. If you’re shopping mainly on nostalgia or want the anniversary-year redesign story, the 2015 still has appeal, but you’ll likely pay more for it.

How does the 2016 Ford Mustang compare to the 2016 Chevrolet Camaro?

Our experts score the 2016 Ford Mustang 7.5/10 and the 2016 Chevrolet Camaro 7.3/10. The Mustang is the better value here, with a lower average used price and more listings to choose from. The Camaro counters with slightly better fuel economy and a marginally higher share of good and great deals, but it has fewer accident-free listings. If you want the broader shopping pool and stronger owner satisfaction, the Mustang has the edge.

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.